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08/10/2017 13:56 AST
Arabian Cement said it has entered into potential merger talks with Al Safwa Cement, a key Saudi-based firm owned by El Khayyat Group, Public Pension Authority (PPA) and General Organisation for Social Insurance (GOSI).
The biggest reason for Arabian Cement to go ahead with the merger move is the locational advantage of the manufacturing facilities of both companies and source of raw materials besides the cost savings in SG&A (selling, general and administrative expenses) and relatively lean inventories, according to Al-Rajhi Capital Research.
Besides the overall weak demand environment, another major factor that will work in Arabian Cement's favour is that both companies have common ownership - One of the owners of Al Safwa, PPA is also a stake holder in Arabian Cement (5.27 per cent).
If the merger goes through, it will result in a combined cement production capacity of 9.2 million tons resulting in a market share of 15 per cent, stated Al Rajhi Capital Research in its report.
Arabian cement has a production capacity of 4.8 million tons while Safwa has 4.4 based on Al Rajhi data, it added.
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Arabian Cement Company said in its 2024 annual report that work is underway to increase the production capacity of its fifth production line by the fourth quarter of 2025. The company also said it is
Global Cement News
19/10/2017
Commercial start-up of new cement mills at Arabian Cement Co.'s Rabigh plant has been delayed to 3Q18. The mills had been expected to go into operation in 4Q17 but construction work is still ongoing.
Cement World
13/10/2017
Arabian Cement Co expects the commercial operation of the grinding unit at its Rabigh plant, Saudi Arabia, to start in the 3Q18, instead of the earlier-announced 4Q17.
Construction on the
CemNet.com
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| MAADEN | 60.35 | -0.75 (-1.23 |
| SABIC | 60.40 | 0.15 (0.24 |
| SABICAGRINUTRIENTS | 117.60 | -0.90 (-0.76 |
| LIMEINDUSTRIES | 12.16 | 0.11 (0.91 |
| YANSAB | 33.40 | -0.26 (-0.78 |
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Financial Information Co.
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